Finally there is the construction and development

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managing and leasing of more than 3 million square feet of space owned by the company. Finally there is the construction and development division whose work is to join efforts with each facet to ensure continuity of development in the company. The properties of the Holiday Inn in Gaithersburg in Maryland are fully owned by the B.F Saul organization. The franchisor of Holiday Inn is the B.F. Saul Company. It owns or rather controls the rights of granting franchises to the various potential franchisees. Hilton, Marriott International, Intercontinental Hotel s Groups and Best Western are franchisees of holiday inn in Gaithersburg. The franchise agreement covers how the franchisors and the franchisees relate to each other within a specified period of time. The franchisor leases the firm’s trademarks and rights for a specific period of time. The management of this company is the B.F. Saul hospitality group,
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which is the hospitality subsidiary of the B.F. Saul organization. It is responsible for the day-to- day business operations of the company and it pays the owner a certain fee. The management contract should clearly define the responsibilities of both the management and the business owner. It is very important to understand these concepts because they enable one to deal with management agreements in a professional manner. Also one will not have a tendency of breaching agreements because they will have knowledge which enables them to know their roles in the management agreement
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